Or, call a First Citizens Insurance Advisor at 1.888.FCB INSURE (1.888.322.4678) between 8:00 a.m. and 5:00 p.m. Eastern time weekdays
Regardless of the size of your business, you are exposed to potential allegations from dissatisfied clients or employees every day just by doing business. The defense costs alone could be financially troublesome if you are not protected. In addition to general liability coverage, the coverage types below may be necessary to make sure your business is properly covered.
Professional Liability (Errors & Omissions)
Covers professionals for negligence and errors or omissions that injure their clients or cause damage to a third party’s data
Particularly important to licensed professionals such as accountants, attorneys, architects, dentists, engineers, technology, and veterinarians
Many clients require the professionals they hire to carry this type of insurance coverage
Employment Practices Liability
Covers employment-related liabilities other than on-the-job injuries
Can include legal fees and damages for suits such as wrongful termination, discrimination, sexual harassment, and other alleged violations of employees’ legal rights
If you have employees, this is an important type of coverage to consider
Directors and Officers (D&O) Liability
Covers directors and officers of corporations against loss and defense costs due to litigation because of their performance in these roles
Typical claims include securities laws, mergers and acquisitions and allegations of breach of duty
May provide coverage for situations where an individual’s personal assets are at risk
Insurance products are not insured by the FDIC or any federal government agency and are not a deposit or other obligation of, or guaranteed by, any bank or bank affiliate.